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Side-by-side financial comparison of GRAPHIC PACKAGING HOLDING CO (GPK) and Texas Roadhouse, Inc. (TXRH). Click either name above to swap in a different company.

GRAPHIC PACKAGING HOLDING CO is the larger business by last-quarter revenue ($2.1B vs $1.5B, roughly 1.4× Texas Roadhouse, Inc.). Texas Roadhouse, Inc. runs the higher net margin — 5.8% vs 3.4%, a 2.5% gap on every dollar of revenue. On growth, Texas Roadhouse, Inc. posted the faster year-over-year revenue change (3.1% vs 0.2%). Over the past eight quarters, Texas Roadhouse, Inc.'s revenue compounded faster (12.8% CAGR vs -3.5%).

Graphic Packaging International is a Fortune 500 corporation based in Atlanta, Georgia, United States. It designs and manufactures packaging solutions for commercial products. GPI manufactures paperboard and folding cartons for a wide range of popular consumer goods, particularly beverages and packaged food. The company operates paperboard mills in Kalamazoo, Michigan; Macon, Georgia; Middletown, Ohio; Prosperity, South Carolina; Texarkana, Texas; and West Monroe, Louisiana, that use recycled...

Texas Roadhouse is an American steakhouse chain that specializes in steaks in a Texan and Southwestern cuisine style. It is a subsidiary of Texas Roadhouse Inc, which has two other concepts and is headquartered in Louisville, Kentucky. As of August 2025, the chain operates about 800 locations in 49 U.S. states and 70 international locations in 11 countries.

GPK vs TXRH — Head-to-Head

Bigger by revenue
GPK
GPK
1.4× larger
GPK
$2.1B
$1.5B
TXRH
Growing faster (revenue YoY)
TXRH
TXRH
+2.8% gap
TXRH
3.1%
0.2%
GPK
Higher net margin
TXRH
TXRH
2.5% more per $
TXRH
5.8%
3.4%
GPK
Faster 2-yr revenue CAGR
TXRH
TXRH
Annualised
TXRH
12.8%
-3.5%
GPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GPK
GPK
TXRH
TXRH
Revenue
$2.1B
$1.5B
Net Profit
$71.0M
$86.7M
Gross Margin
14.1%
Operating Margin
7.4%
6.5%
Net Margin
3.4%
5.8%
Revenue YoY
0.2%
3.1%
Net Profit YoY
-48.6%
-26.9%
EPS (diluted)
$0.24
$1.29

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GPK
GPK
TXRH
TXRH
Q4 25
$2.1B
$1.5B
Q3 25
$2.2B
$1.4B
Q2 25
$2.2B
$1.4B
Q1 25
$2.1B
Q4 24
$2.1B
$1.4B
Q3 24
$2.2B
$1.3B
Q2 24
$2.2B
$1.3B
Q1 24
$2.3B
$1.3B
Net Profit
GPK
GPK
TXRH
TXRH
Q4 25
$71.0M
$86.7M
Q3 25
$142.0M
$84.9M
Q2 25
$104.0M
$116.1M
Q1 25
$127.0M
Q4 24
$138.0M
$118.5M
Q3 24
$165.0M
$86.8M
Q2 24
$190.0M
$123.1M
Q1 24
$165.0M
$116.0M
Gross Margin
GPK
GPK
TXRH
TXRH
Q4 25
14.1%
Q3 25
19.6%
Q2 25
18.7%
Q1 25
20.6%
Q4 24
21.4%
Q3 24
22.3%
Q2 24
21.2%
Q1 24
23.0%
Operating Margin
GPK
GPK
TXRH
TXRH
Q4 25
7.4%
6.5%
Q3 25
10.7%
6.7%
Q2 25
8.8%
9.3%
Q1 25
10.5%
Q4 24
11.4%
9.6%
Q3 24
12.6%
8.0%
Q2 24
14.5%
10.6%
Q1 24
12.4%
10.1%
Net Margin
GPK
GPK
TXRH
TXRH
Q4 25
3.4%
5.8%
Q3 25
6.5%
5.9%
Q2 25
4.7%
8.0%
Q1 25
6.0%
Q4 24
6.6%
8.2%
Q3 24
7.5%
6.8%
Q2 24
8.5%
9.2%
Q1 24
7.3%
8.8%
EPS (diluted)
GPK
GPK
TXRH
TXRH
Q4 25
$0.24
$1.29
Q3 25
$0.48
$1.25
Q2 25
$0.34
$1.70
Q1 25
$0.42
Q4 24
$0.46
$1.73
Q3 24
$0.55
$1.26
Q2 24
$0.62
$1.79
Q1 24
$0.53
$1.69

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GPK
GPK
TXRH
TXRH
Cash + ST InvestmentsLiquidity on hand
$261.0M
$134.7M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$3.3B
$1.5B
Total Assets
$11.8B
$3.5B
Debt / EquityLower = less leverage
1.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GPK
GPK
TXRH
TXRH
Q4 25
$261.0M
$134.7M
Q3 25
$120.0M
$108.2M
Q2 25
$120.0M
$221.1M
Q1 25
$129.0M
Q4 24
$157.0M
$245.2M
Q3 24
$126.0M
$189.2M
Q2 24
$125.0M
$197.5M
Q1 24
$136.0M
$213.4M
Total Debt
GPK
GPK
TXRH
TXRH
Q4 25
$5.0B
Q3 25
$5.5B
Q2 25
$5.4B
Q1 25
$5.7B
Q4 24
$5.1B
Q3 24
$5.4B
Q2 24
$4.9B
Q1 24
$4.9B
Stockholders' Equity
GPK
GPK
TXRH
TXRH
Q4 25
$3.3B
$1.5B
Q3 25
$3.3B
$1.5B
Q2 25
$3.2B
$1.4B
Q1 25
$3.2B
Q4 24
$3.0B
$1.4B
Q3 24
$3.0B
$1.3B
Q2 24
$2.8B
$1.3B
Q1 24
$2.9B
$1.2B
Total Assets
GPK
GPK
TXRH
TXRH
Q4 25
$11.8B
$3.5B
Q3 25
$11.9B
$3.3B
Q2 25
$11.8B
$3.2B
Q1 25
$11.5B
Q4 24
$11.1B
$3.2B
Q3 24
$11.2B
$2.9B
Q2 24
$10.8B
$2.9B
Q1 24
$11.3B
$2.8B
Debt / Equity
GPK
GPK
TXRH
TXRH
Q4 25
1.51×
Q3 25
1.67×
Q2 25
1.68×
Q1 25
1.80×
Q4 24
1.71×
Q3 24
1.79×
Q2 24
1.75×
Q1 24
1.73×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GPK
GPK
TXRH
TXRH
Operating Cash FlowLast quarter
$521.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
7.34×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GPK
GPK
TXRH
TXRH
Q4 25
$521.0M
Q3 25
$227.0M
$143.6M
Q2 25
$267.0M
$237.7M
Q1 25
$-174.0M
Q4 24
$489.0M
$237.5M
Q3 24
$187.0M
$138.7M
Q2 24
$161.0M
$133.9M
Q1 24
$3.0M
$243.4M
Free Cash Flow
GPK
GPK
TXRH
TXRH
Q4 25
Q3 25
$14.7M
Q2 25
$160.4M
Q1 25
Q4 24
$129.7M
Q3 24
$47.7M
Q2 24
$56.1M
Q1 24
$165.8M
FCF Margin
GPK
GPK
TXRH
TXRH
Q4 25
Q3 25
1.0%
Q2 25
11.1%
Q1 25
Q4 24
9.0%
Q3 24
3.7%
Q2 24
4.2%
Q1 24
12.5%
Capex Intensity
GPK
GPK
TXRH
TXRH
Q4 25
Q3 25
9.0%
Q2 25
5.3%
Q1 25
Q4 24
7.5%
Q3 24
7.2%
Q2 24
5.8%
Q1 24
5.9%
Cash Conversion
GPK
GPK
TXRH
TXRH
Q4 25
7.34×
Q3 25
1.60×
1.69×
Q2 25
2.57×
2.05×
Q1 25
-1.37×
Q4 24
3.54×
2.00×
Q3 24
1.13×
1.60×
Q2 24
0.85×
1.09×
Q1 24
0.02×
2.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GPK
GPK

Americas Paperboard Packaging$1.4B68%
Other$667.0M32%

TXRH
TXRH

Food And Beverage$1.5B99%
Texas Roadhouse Segment$21.2M1%
Franchise$8.2M1%
Franchise Royalty$7.4M0%
Bubba S33Segment$2.3M0%

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